Is it safe to buy crypto with credit card?

If you’re using a credit card to go into debt to buy cryptocurrency, you’re taking on high risk . You’ll be paying exorbitant interest on a volatile investment. Credit utilization. Making big crypto purchases uses up your available credit, a negative for your credit scores.

Trading and transaction fees Binance charges an additional 4.5% for debit card transfers (unlike its global brokerage, Binance.US doesn’t allow credit card purchases ). There are no fees for cash deposits or withdrawals by ACH bank transfers, while bank wire transfers are $15 per transaction.

Binance supports Visa card or Mastercard payments . Visa is accepted for cardholders in European Economic Area (EEA) countries, Russia, Ukraine, and the UK.